Q1 2024 Earnings Report

Free cash flow increased to EUR 80m, mainly due to a stabilization of working capital following last year's improvements Free cash flow (in EURM) Q1 23 Q1 24 Income from operations 61 64 Depreciation and amortization 71 68 Additions to (releases of) provisions 77 39 • Utilizations of provisions -52 -66 Change in working capital -53 1 Net interest and financing costs -4 -3 received (paid) Income taxes paid -23 -18 Net capex -30 -22 Other 4 17 Free cash flow 51 80 As % of sales 3.1% 5.5% Key observations Free cash flow of EUR 80m Stabilization of working capital following last year's improvements Restructuring payout of EUR 34m (Q1 23: EUR 21m) 19 Signify

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